BlockBeats news, on November 27, Greeks.live researcher Adam posted on social media indicating that BTC has been adjusting below $100,000 for several consecutive days, while ETH has strongly broken through the key level of $3,500. This has gradually shifted market attention from BTC to ETH, and the rise of ETH has also led to an overall rebound in altcoins.
From the options data, this week BTC's short-term options implied volatility (IV) has noticeably surged and then retreated, while ETH has consistently maintained a high level above 80%, and subtly shows a breakout trend. The IV difference between the two has exceeded 20%.
At the same time, we observe that the bullish sentiment for ETH is significantly higher than the bearish sentiment. Considering the above situation, the current options market believes that ETH has a higher explosive potential for price increases and is worth buying bullish options.
